The Best Ever CRE Show

Latest Episodes:

JF3290: Tom Dunkel - Turning Corporate Curveballs into Self-Storage Triumphs Sep 07, 2023

Show notes

Ever wondered how a corporate setback transformed into a self-storage success story? From unexpected career shifts to pioneering self-storage strategies, get ready to unravel the journey of Tom Dunkel, the Chief Investment Officer at Bellrose Storage Group, a seasoned investor who turned challenges into opportunities, all while carving a niche within a niche. Discover the untapped potential of contractor storage and flex space markets, and glean insights into building a powerhouse team that drives commercial real estate success.

Key Takeaways:

Niche within a Niche: Contractor Storage and Flex Space: Tom discusses the benefits of offering climate-controlled flex industrial units with amenities like electricity and security features to attract contractors and businesses.
Investor Insights: Building a Solid Team and Finding Deals: Tom emphasizes the importance of assembling a strong team and building a network of experts and partners. Tom also offers advice on seeking out mastermind groups, investor meetups, and networking opportunities to connect with potential team members and partners.
Lessons from Self-Storage Success and Pivoting Strategies: Tom shares the pivotal lessons learned from transitioning from the corporate world to entrepreneurship, including facing challenges head-on. He also shares strategies for success in self-storage, such as seeking niche opportunities, embracing value-add strategies, and aligning investments with high net worth investors.

Tom Dunkel | Real Estate Background

Chief Investment Officer, Belrose Storage Group
Portfolio:
- 11 self storage facilities across 7 states
Based in: Wayne, PA
Say hi to him at:
- Facebook
- LinkedIn
Best Ever Book: Who Not How by Dan Sullivan
Greatest Lesson: Be intentional about who you choose to be on your team and who you choose to partner with.

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JF3289: Multifamily Syndication 101 | Passive Investor Tips ft. Travis Watts Sep 06, 2023

Show notes

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

In this episode, Travis reviews the basics of multifamily syndication - how it works, who the key players are, and the terms you need to know as an LP. He then walks through a full cycle business plan to see how much you could make by investing $100,000.

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JF3288: Bryant Dawson - The Playbook on How to Close a $50 Million, 450-Unit Deal Sep 05, 2023

Show notes

Ever wondered how to secure multi-million dollar acquisitions in the competitive world of commercial real estate? Join us as we unlock the strategies and insights behind Bryant Dawson's remarkable journey. He's the mastermind behind a multi-property deal worth over $50 million, and in this interview, he's sharing his playbook on successful capital raising, property evaluation, and forming strategic partnerships.

Key Takeaways:

Effective Capital Raising: Bryant discusses his multi-property acquisition worth over $50 million and delves into the nuances of effective capital raising in today's market.
Property Evaluation and Due Diligence: From on-site inspections, drone flyovers, and underwriting, discover the essential steps his team takes to ensure the success of their investments.
Strategic Partnerships and Institutional Quality: Bryant highlights the concept of institutional quality assets, offering a comprehensive overview of what distinguishes such properties and how they attract institutional investors.

Bryant Dawson | Real Estate Background

CEO of Ingram Capital, a real estate investment company that provides affordable housing for tenants while maximizing returns for investors.
Portfolio:
- Single-family and multifamily properties
Based in: Sedalia, MO
Say hi to him at:
- ingramcapital.fund
- LinkedIn
Best Ever Book: Rich Dad Poor Dad by Robert Kiyosaki
Greatest Lesson: Get started as soon as possible, and find a mentor.

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JF3287: Keith Fromm - Unraveling the ULA Tax: How One Attorney is Challenging Unfair Real Estate Taxation Sep 04, 2023

Show notes

Are your real estate investments in jeopardy due to a hidden tax? Join us as we dive into the world of real estate taxation with Keith Fromm, a seasoned attorney, litigator, and real estate developer with over 40 years of experience. Based in Los Angeles, Keith exposes the shocking reality of the ULA tax, a controversial property tax that's causing waves in the industry. From misleading labels to its wide-ranging impact, discover how Keith is taking the fight against this unfair tax to the courts and why it matters to your investments.

Key Takeaways:

Understanding the ULA Tax: Keith breaks down the ULA tax, a seemingly deceptive policy sold to the public as a "mansion tax," but in reality, it applies to all types of real estate transactions over certain thresholds. Discover the implications of this tax, from its high rates to its retroactive nature, and how it's affecting the real estate market in Los Angeles.
Constitutional Challenges and Legal Approach: Keith sheds light on the various constitutional violations posed by the tax, from equal protection to freedom of speech, and explains how these challenges are being pursued through litigation. Learn how his efforts are not only focused on overturning the tax but also on creating a precedent that protects property rights.
Real Estate Development Insights: Beyond the legal battle, Keith shares his journey as a real estate developer and the lessons he's learned from his experiences, from adapting to changing demographics to leveraging marketing strategies tailored to specific audiences.

Keith Fromm | Real Estate Background

Real Estate Attorney and Litigator
Based in: Los Angeles, CA
Say hi to him at:
- fightula.com
Best Ever Book: Great Expectations by Charles Dickens
Greatest Lesson: Don't give up, and keep fighting. It will not only benefit you in the end, but thousands of others as well.

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JF3286: Reid Bennett - Navigating the Multifamily Brokerage and Lending Landscape Sep 03, 2023

Show notes

Ready to unravel the secrets of successful multifamily real estate investing? Dive into a captivating discussion with Reid Bennett, a multifamily industry veteran with over 22 years of experience. Explore multifamily strategies, lender insights, and market dynamics that can reshape your investment approach and maximize your gains.

Key Takeaways:

The Power of Networking in Commercial Real Estate: Learn how to effectively build relationships with brokers and other key players in the industry, and discover the importance of demonstrating your legitimacy as a buyer.
Insights into Distressed Assets and REO Properties: Delve into the world of distressed multifamily assets and Real Estate Owned (REO) properties. Bennett provides valuable advice on how to approach lenders, manage properties in receivership, and navigate the challenges posed by insurance rates and market uncertainties.
Strategies for Real Estate Success and Economic Trends: Gain valuable insights into the current economic landscape, lending trends, and rate forecasts. Bennett shares his thoughts on conservative underwriting, the impact of rising interest rates, and the potential benefits of seller financing in today's market conditions.

Reid Bennett | Real Estate Background

National Council Chair of Multifamily Properties for SVN, a full-service commercial real estate franchisor of the SVN® brand comprised of over 1,600 commercial real estate advisors and staff that continues to expand across the globe. Multifamily real estate broker who works without council to serve multifamily clients in over 170 markets around the country.
Based in: Chicago, IL
Say hi to him at:
- LinkedIn
- Twitter
Best Ever Book: Insider’s Edge to Real Estate Investing by James L. Nelson
Greatest Lesson: Hire a coach, and if you don't have an admin, you are one.

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JF3285: Yannik Cudjoe-Virgil - From NFL to Multifamily: Scoring Big in Commercial Real Estate Sep 02, 2023

Show notes

Ever wondered how a former NFL player transitioned from the football field to thriving in the world of multifamily real estate? Get ready to uncover the playbook of Yannik Cudjoe-Virgil as he shares his remarkable journey from the gridiron to becoming a successful real estate investor. From leveraging relationships to capital raising tactics, Yannik reveals the game-changing strategies that propelled him to success in the commercial real estate arena.

Key Takeaways:

The Power of Relationships and Networking: Yannik shares insights into how his background in the NFL and his connections within the sports community opened doors for capital raising and partnerships.
Lessons in Partnerships and Operations: Yannik shares the benefits of having a reliable partner who complements your skills and expertise in multifamily investing. He discusses the challenges and lessons learned from operating smaller multifamily properties and the importance of building a scalable infrastructure for growth.
Effective Deal Sourcing and Broker Relationships: Yannik shares his strategy for sourcing deals through direct broker relationships, focusing on becoming a preferred buyer. He provides advice on providing honest and constructive feedback to brokers when evaluating potential deals.

Yannik Cudjoe-Virgil | Real Estate Background

Principal at Merlynn Acquisitions, which focuses on value-add Class C apartments in Baltimore
Portfolio:
- GP in 69 units
Based in: Baltimore, MD
Say hi to him at:
- LinkedIn
Best Ever Book: The Power of Now by Eckhart Tolle
Greatest Lesson: The importance of building your infrastructure as early as possible to scale seamlessly.

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JF3284: Anthony Scavo - Uncovering Opportunities in Multi-Tenant Industrial Real Estate Sep 01, 2023

Show notes

Are you a commercial real estate investor looking to uncover hidden opportunities in the market? In this episode, Slocomb Reed interviews Anthony Scavo, President and COO of Basis Industrial, a vertically integrated real estate owner operator. Join us as Anthony shares his insights into the world of multi-tenant industrial properties and how Basis Industrial successfully pivoted their strategy. From supply-demand imbalances to adapting in a changing market, this episode provides valuable advice for investors aiming to make informed decisions.

Key Takeaways:

Navigating Shifting Markets: Discover how Basis Industrial's pivot from self-storage to multi-tenant industrial properties was driven by recognizing supply-demand imbalances and adapting to changing market conditions.
Investment Strategies: Anthony discusses the importance of positive leverage and finding properties that align with market trends. He highlights the significance of patient and strategic investment decisions in the current market environment.
Learning from Mistakes: Learn from Basis Industrial's experiences as Anthony shares a key lesson about the importance of having backup plans and not repeating the same mistake twice. Find out how a nimble approach to staffing can mitigate challenges and setbacks.

Anthony Scavo | Real Estate Background

President and COO of Basis Industrial
Portfolio:
- Self-storage, Industrial, Retail, Office and Residential
- Over $750MM in AUM
Based in: Boca Raton, FL
Say hi to him at:
- Instagram
- LinkedIn
Best Ever Book: Made in America by Sam Walton
Greatest Lesson: When a mistake is made, don't panic, learn from it to make sure it doesn't happen again.

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JF3283: The 3-Step Process to Create Your Optimal Lifestyle | Passive Investor Tips ft. Travis Watts Aug 31, 2023

Show notes

In this episode, Travis walks through a three step process to design an optimal lifestyle. By analyzing your life to identify its pains and pleasures, you can use passive income to amplify the former and minimize the latter.

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JF3282: Colm McEvilly - Mastering Capital Raising by Cultivating a Community Aug 30, 2023

Show notes

Curious about the secrets behind building an engaged community that supercharges your investment journey? Look no further. Join us as we unlock the vault of capital raising expertise and community cultivation with Colm McEvilly. Get ready to dive deep into the art of strategic decision-making and the transformative power of community connections in the dynamic landscape of commercial real estate.

Key Takeaways:

The Crucial Role of Decision-Making Processes: Colm emphasizes the significance of evaluating deals, risk assessment, and aligning investments with personal goals, offering listeners a comprehensive framework for making informed investment decisions.
The Power of Building a Community: Colm shares personal experiences of how local meetups and virtual networks can provide a platform for knowledge exchange, relationship-building, and fostering trust among investors.
Art and Science of Capital Raising: Colm provides a behind-the-scenes look at how capital raisers connect accredited investors with investment opportunities. He explains various compensation structures and the importance of clear communication with investors.

Colm McEvilly | Real Estate Background

Investor advocate at TGA Investment Partners, which focuses on long-term hold investments.
Portfolio:
- 24 syndications: 7 passive, 10 active
- A few exits

Based in: Sacramento, CA
Say hi to him at:
- tgaip.com
Best Ever Book: The Will to Change by Bell Hooks
Greatest Lesson: Version One is better than Version None. You can't course correct if you are not on course.

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JF3281: Carter Malloy — Exploring the Benefits of Farmland and Timber Investments Aug 29, 2023

Show notes

Are you missing out on lucrative opportunities in the world of commercial real estate? Join Ash Patel as he unlocks the secrets of farmland and timberland investing with Carter Malloy, the CEO of AcreTrader. Discover how these often-overlooked asset classes can offer stability and unique benefits for savvy investors looking to diversify their portfolios. From the surprising lack of competition to the strategies for identifying prime land for cultivation or development, this conversation reveals essential insights for commercial real estate enthusiasts.

Key Takeaways:

Diversification Beyond Traditional Real Estate: Learn how farmland and timberland investing offer an alternative investment avenue, providing stable returns and low volatility compared to other commercial real estate assets.
Operational and Risk Factors: Understand the nuances of investing in land, including factors such as location, crop types, climate risks, and tenant dynamics, which can significantly impact investment outcomes.
Technology and Transparency: Explore how platforms like AcreTrader are revolutionizing the farmland investment landscape, providing data-driven insights, easy access, and reduced barriers for investors interested in this unique asset class.

Carter Malloy | Real Estate Background

CEO and founder of AcreTrader, a farmland investment platform where accredited investors can fractionally own shares of farmland.
Portfolio:
- Row crops
- Permanent crops
- Timberland
Based in: Fayetteville, AR
Say hi to him at:
- acretrader.com
- acres.com
Best Ever Book: No Rules Rules by Reed Hastings
Greatest Lesson: Be patient with your deals, and hold long enough to maximize profits.